Search results

Many businesses are still open that are deemed essential services... Grocery stores, home improvement stores, auto mechanics, construction industry, banks, even restaurants for takeout and delivery

The house approved the stimulus plan and the president sign today at around noon. The indices rose slightly for a little while but then lost those gains by the end of the day. I think that is the last good news we'll have for a while.

And I see nothing to show that it won't just keep getting worse. We have more places in the USA for it to spread to. Things could easily become overwhelmed.

I wish I could use trailing stops right now, but I'm trying to make back what I lost Thursday (17.5%). I'm bearish for the next 2 weeks at least... And if I'm wrong then I don't have a plan other than to lose money!!!

I don't think we have the ability to stop the exponential growth in the USA. Herd immunity is what will happen, even if we try to limit it some. My current opinion is that is good news for bears when people realize this.

I'm bearish until new infections start decreasing... But surely you know that all these gains could be lost in one bad day, right? I'm up over 9% today, but I'm not too excited because I could lose it all on Monday or Tuesday. Plus, I'm still in the red because I lost a lot Thursday. Unless...

Not the same. This new virus needs to be introduced to the human biome, which unfortunately means lots of people will die while that is happening. A larger proportion will become infected and survive and become immune.

I don't know if it will take that long to get out of the bear market.

But he's not talking about today or tomorrow. I believe he's talking a longer time frame.

If you're thinking longer-term, then it probably is.

So how'd they end it in Wuhan?

I have SPXS. Wouldn't selling puts be a bullish strategy? I think we will approach the lows within the next couple weeks.

Not to mention that USA is now the epicenter, with no reason to believe infections will slow down soon. In Spain they had to convert an ice skating rink in a shopping mall into a makeshift morgue. How do you know that won't happen here? It's only just beginning here. The virus will be...

How does this month compare to a typical month for you?

There's a big difference between a few weeks and a few months. Not much of a prediction. Anyone could tell you that markets will be higher at some point in the future.

Ok. If I sold at 7.77% loss like you did, that's a loss of -$3,885 for me. That's a hell of a lot better than the position I'm in.

Well unfortunately I'm stuck in SPXS until it's at a price I'm comfortable selling at. All because I didn't enter with a good strategy to limit my losses. I'm down about $9,000 on a $50,000 purchase.

Fight me.

It's childish and petty and pointless. Is that what we're going for here?

I don't know why people here are saying this is going to be brief. We're breaking new records every day on number of infections.